United States

Chijioke Ohuocha

GE hands leadership of Nigerian rail concession to Transnet

Nov 15 2018

ABUJA General Electric said on Thursday it has handed over the leadership of a consortium chosen to run a Nigerian rail concession to South Africa's Transnet after the U.S. company spun off its transport business.

UPDATE 2-Nigerian telecoms regulator approves Teleology takeover of 9-mobile

Nov 12 2018

ABUJA, Nov 12 Nigeria's telecoms regulator has cleared Teleology's takeover of 9mobile, the country's fourth biggest operator, ending a long bidding process for the debt-laden company that started a year ago, Teleology said on Monday.

UPDATE 1-Nigeria's Diamond Bank has not received offers of cash from investors

Nov 09 2018

ABUJA, Nov 9 Nigeria's Diamond Bank said on Friday that no investors had come forward to inject cash into the company and that its board was reviewing all strategic options.

UPDATE 1-Nigeria plans London roadshow ahead of $2.8 bln Eurobond sale -sources

Nov 08 2018

ABUJA/LAGOS, Nov 8 Nigerian officials will go on a roadshow to London next week ahead of a planned $2.8 billion Eurobond sale this month, two banking sources told Reuters on Thursday.

UPDATE 2-Nigerian central bank to meet MTN lenders over $8 bln fund transfer -source

Nov 08 2018

LAGOS/ABUJA, Nov 8 Nigeria's central bank plans to meet four lenders of telecoms company MTN to discuss a dispute over a $8.1 billion fund transfer, after a court adjourned the case, a banking source said.

Global banks HSBC, UBS close Nigeria offices, foreign investment falls

Nov 02 2018

LAGOS HSBC and UBS have closed their offices in Nigeria, the country's central bank said in a report on Friday as it revealed foreign investment had fallen sharply from a year ago.

UPDATE 2-Global banks HSBC, UBS close Nigeria offices, foreign investment falls

Nov 02 2018

* Economic outlook dwarfed by 2019 election fears (Adds details of banks' liquidity tests)

UPDATE 1-Nigerian court adjourns case between MTN, central bank to Dec 4

Oct 30 2018

LAGOS, Oct 30 A Lagos judge on Tuesday adjourned a hearing in a $10.1-billion dispute between South African telecoms firm MTN Group and Nigeria's central bank until Dec 4.

UPDATE 4-Nigeria's Diamond Bank not looking for capital, shares fall

Oct 26 2018

* CEO says bank not in any formal talks with any party (Adds comment from fund manager)

RPT-Nigeria aiming to resolve MTN dispute and soothe investor fears - minister

Oct 26 2018

ABUJA, Oct 26 Nigeria is confident of resolving a $10.1 billion dispute with telecoms firm MTN and sending a positive signal to foreign investors worried about the country's demand for the money, its trade and investment minister told Reuters.

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